Compliance & AML Specialist

Job description

The Compliance & AML Specialist supports daily compliance and AML/CTF activities to ensure adherence to SAMA requirements, internal policies, and regulatory obligations. Monitors compliance with SAMA regulations, circulars, license conditions and maintains the regulatory obligations register. Supports the Compliance Monitoring Plan, conducts reviews and control testing, and follows up corrective actions. Reviews new products, services, customer journeys, operational changes, agreements, disclosures, policies, procedures, and marketing materials. Supports SAMA regulatory reports, responses, and information requests via eSAMA, RMS, SAMA Care and other portals. Prepares and follows up SAMA NOC submissions. Monitors customer protection, complaints handling, outsourcing and third‑party compliance. Escalates material breaches, incidents and regulatory risks to the Compliance and AML/CTF Manager. Implements and maintains the AML/CTF and sanctions framework. Oversees KYC, customer due diligence, enhanced due diligence and risk classification. Monitors sanctions, targeted financial sanctions and PEP screening controls. Manages transaction‑monitoring alerts, investigations and unusual activity escalations. Prepares suspicious activity assessments for manager review. Coordinates with Fraud, Risk, Cybersecurity, Operations and Customer Care on financial crime matters. Supports periodic AML/CTF risk assessments and follows up identified actions. Coordinates day‑to‑day compliance and AML activities, prepares periodic reports for the manager and relevant committees, supports compliance and AML training and awareness, and maintains complete records and supporting evidence.

Requirements

• Bachelor’s degree
• 1–2 years of experience
• Experience in a similar sector (if possible)

Skills